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U.S. Day Ahead: Who'll blink first? Fiscal cliff talks begin

Nov 15 - Don't expect a quick solution to solving the fiscal cliff when President Obama and top Democrats and Republicans meet in DC.

TRANSCRIPT +

Who globally birth President Obama faces his toughest challenge to solving the best we'll -- as keep pace of cop with top congressional leader. President Obama will hunker down with Democrats and Republicans on Friday. -- a whirlwind week of talks to a boarding 600 million dollars worth of tax hikes and spending cuts. Both sides are still arguing over raising taxes on those earning over a quarter of a million dollars. President Obama that it's needed to plug the deficit and -- leader John Boehner argues it will kill to road. It looks like a lot of common mind if needed and it won't come. It was either making conciliatory noises at this point but I wouldn't be surprised -- they actually. Gotten things done before the last minute. Of the way Washington works is people think that if they reach a deal before they happen is that -- they have gotten more. And especially with -- that shows Republicans say it is much easy. He didn't -- anything on the table. The massive uncertainty over the fiscal -- has foods trader and we'll get a complete picture of how negatively markets have reacted by Friday's close. That the election a week ago the Dow was down 5%. -- the 500 also fell about 5%. Investors want to know and JM Smucker has been able to hold on to customers want the company reports for the -- The maker of Folgers Coffee chips and Crisco hit that should be higher earnings than last quarter as well as the year ago. Smucker has been trying to strike a balance between passing on record high cost of raw materials to shoppers. And maintaining its market share so far the company has an optimistic keeping its profit outlook. The market agrees Smucker shares are up about 10%. -- the start of the year. And we -- the health of the manufacturing sector when industrial production numbers come out in the morning. Our experts that I have Smart thing production is likely to drop by four tenths of a percent in October asked factory outlets -- flat. And mild weather led to a drop in demand or utility and don't expect any major improvements until about the second quarter of next year. And make street favorite insider and -- TV for more on the big market -- on Friday Al Gore toxic impact players host and former UBS boss Robert wolf. Find out why he says tackling -- climate clip we'll -- that fiscal. And I would say mom this has greater.

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